The analysis, 'The Irrelevance of Minimum Wages to Future Inflation' by Centre for Future Work at the Australia Institute suggests that increases to minimum wage, and accompanying increases to award rates, would not have an effect on inflation.
The analysis exmaines correlation between minmum wage increases and inflation all the way back to 1997.
On the contrary to employer concerns, it finds that there is no consistent link between minimum wage increases and inflation in the modern Australian context.
To restore the real buying power of low-paid workers to pre-pandemic trends, but not significantly affect headline inflation, the report that finds a minimum wage increase between 5-10% in the Fair Work's Annual Wage review, due in June is needed.
It's long overdue for effective wage increases to help our citizens especially with the cost of living and housing crisises.
Fusion is all for wage increases and implementing a Universal Basic Income.
https://www.fusionparty.org.au/fair_inclusive_society
https://australiainstitute.org.au/post/increasing-minimum-wage-would-not-drive-inflation-up-new-report